• Pricing power recovers a bit. • Food prices continue to strengthen. • Energy prices rebound. The Consumer Price Index rebounded 0.6% (0.6% y/y) during June following a 0.1% May easing. The rise compared to expectations for a 0.5% [...]
Introducing
Tom Moeller
in:Our Authors
Prior to joining Haver Analytics in 2000, Mr. Moeller worked as the Economist at Chancellor Capital Management from 1985 to 1999. There, he developed comprehensive economic forecasts and interpreted economic data for equity and fixed income portfolio managers. Also at Chancellor, Mr. Moeller worked as an equity analyst and was responsible for researching and rating companies in the economically sensitive automobile and housing industries for investment in Chancellor’s equity portfolio. Prior to joining Chancellor, Mr. Moeller was an Economist at Citibank from 1979 to 1984. He also analyzed pricing behavior in the metals industry for the Council on Wage and Price Stability in Washington, D.C. In 1999, Mr. Moeller received the award for most accurate forecast from the Forecasters' Club of New York. From 1990 to 1992 he was President of the New York Association for Business Economists. Mr. Moeller earned an M.B.A. in Finance from Fordham University, where he graduated in 1987. He holds a Bachelor of Arts in Economics from George Washington University.

Publications by Tom Moeller
Global| Jul 14 2020
U.S. Consumer Price Index & Core Prices Rebound in June
by:Tom Moeller
|in:Economy in Brief
Global| Jul 14 2020
U.S. Petroleum & Natural Gas Prices Continue to Improve
• Gasoline prices rise moderately. • Crude oil prices approach March high. • Natural gas prices improve. The price for regular gasoline improved to $2.20 per gallon (-21.0% y/y) in the week ended July 13 from $2.18 in the previous [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 13 2020
U.S. Government Budget Deficit Surges to Record $864.1 Billion in June
• Monthly budget deficit pulls fiscal YTD deficit to $2.744 trillion. • Receipts weaken sharply while outlays surge. The U.S. Treasury Department reported that the federal government ran an $864.1 billion budget deficit last month, [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 10 2020
U.S. Producer Prices Decline Unexpectedly in June; Food Prices Fall Sharply
• Price index less food & energy eases as the coronavirus curbs demand. • Core goods prices inch higher. • Service price decline led by trade services. Pricing power remains weak in the industrial sector. The Producer Price Index for [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 09 2020
U.S. Wholesale Inventories Fall as Sales Surge
• Wholesale inventory decline is broad-based. • Sales spike is notable in durables sector • Inventory to sales ratio remains elevated. Wholesale inventories fell 1.2% (-4.2% y/y) as durable goods inventories slid 2.0% (-5.1% y/y). The [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 09 2020
U.S. Initial Claims for Unemployment Insurance Decline
• State initial jobless claims fell to 1.314 million last week. • New applications for Federal Pandemic Unemployment Assistance rose to 1.039 million. • Continuing claims for jobless insurance and the insured jobless rate eased. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 08 2020
U.S. Consumer Credit Continues to Decline
• Reduced credit card usage leads the falloff. Consumer's are pulling back as unemployment rises. Consumer credit outstanding fell $18.3 billion (+0.8% y/y) during May following a $70.2 billion April decline, revised from $-68.8 [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 08 2020
U.S. Mortgage Loan Applications Increase as Home Purchase Apps Surge
• 15-year fixed rate mortgage eased to record low. The Mortgage Bankers Association reported that its total Mortgage Applications Index increased 2.2% (71.1% y/y) during the week ending July 3 after falling for two straight weeks. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 07 2020
U.S. JOLTS: Job Market Recalibrates
• Job openings increase. • Hiring strengthens. • Layoffs fall dramatically and quits rise. The Bureau of Labor Statistics reported that the total job openings rate rose to 3.9% during May and recovered April's decline due to [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 07 2020
U.S. Energy Product Prices Rise Broadly
• Gasoline prices continue upward. • The cost of crude oil strengthens. • Natural gas prices improve. The price for regular gasoline improved to $2.18 per gallon (-20.6% y/y) in the week ended July 6 from $2.17 in the previous week. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 06 2020
U.S. ISM Nonmanufacturing Activity Index Unexpectedly Strengthens in June
• Overall reading jumps to four-month high. • Business activity is pronounced. • Pricing power improves. Continued re-openings of businesses are reflected in the latest report from the Institute for Supply Management (ISM). The [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 02 2020
U.S. Employment Continues to Increase in June, Lowering Jobless Rate
• Rise in jobs is broad-based amongst industries. • Earnings weaken for second straight month. • Unemployment rate, though still double-digit, declines to three-month low. The job market improved again in June. Nonfarm payroll [...]
by:Tom Moeller
|in:Economy in Brief
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